---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-047766"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T19:16:22.378447+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NJR reports FY2024 NFEPS $2.95 at high end of guidance; sells residential solar for $132.5M

## Summary
- Fiscal 2024 net income $289.8M ($2.94 EPS); NFEPS $2.95, at high end of raised guidance.
- Q4 net income $91.1M ($0.92 EPS) vs $37.0M ($0.38 EPS) YoY; NFE $88.7M ($0.89 EPS) vs $29.6M ($0.30 EPS).
- Fiscal 2025 NFEPS guidance $3.05-$3.20; dividend increased 7.1% to $1.80/share.
- Sold 91 MW residential solar portfolio to Spruce Power for $132.5M; expects gain in FY2025, proceeds for debt repayment.
- NJNG base rate case settlement authorized $157M increase; $385.6M energy efficiency program approved.

## SEC filing metadata
- accession: 0001140361-24-047766
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036124047766/0001140361-24-047766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036124047766/ef20039188_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-047766
- JSON: https://secwatch.observer/filing/0001140361-24-047766.json
- Plain text: https://secwatch.observer/filing/0001140361-24-047766.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.